(Current Assets Section of Statement of Financial Position) Selected accounts follow of Aramis Limited at December 31, 2020:

Finished Goods Inventory $152,000 Cost of Goods Sold $2,100,000 Unearned Revenue 90,000 Notes Receivable 40,000 Bank Overdraft 8,000 Accounts Receivable 161,000 Equipment 253,000 Raw Materials Inventory 187,000 Work-in-Process Inventory 34,000 Supplies Expense 60,000 Cash 50,000 Allowance for Doubtful Accounts 12,000 FV-NI Investments 31,000 Intangible AssetsTrade Names 18,000 Interest Payable 36,000 Contributed Surplus 16,000 Restricted Cash (for Plant Expansion) 50,000 Common Shares 272,000 The following additional information is available:

1. Inventory is valued at the lower of cost and net realizable value using FIFO. 2. Equipment is recorded at cost. Accumulated depreciation, calculated on a straight-line basis, is $50,600. 3. The FV-NI investments have a fair value of $29,000. 4. The notes receivable are due April 30, 2021, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrue interest due on December 31, 2020.) 5. The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $50,000 are pledged as collateral on a bank loan. 6. Intangible AssetsTrade Names are reported net of accumulated amortization of $14,000. 7. The bank overdraft is at the same bank as the amount reported above under Cash. Instructions a. Prepare the current assets section of Aramis Limited's statement of financial position as at December 31, 2020, with appropriate disclosures.

b. Outline the other ways or methods that can be used to disclose the details that are required for the financial statement elements in part (a).